Websol Energy System Ltd
Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]
- Market Cap ₹ 5,510 Cr.
- Current Price ₹ 1,269
- High / Low ₹ 1,891 / 636
- Stock P/E 35.6
- Book Value ₹ 64.0
- Dividend Yield 0.00 %
- ROCE 59.2 %
- ROE 80.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.6% CAGR over last 5 years
Cons
- Stock is trading at 19.8 times its book value
- Promoter holding is low: 27.7%
- Promoters have pledged or encumbered 88.1% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of Nifty Microcap 250 Nifty Total Market
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
305 | 356 | 280 | 296 | 183 | 69 | 196 | 154 | 213 | 17 | 26 | 575 | |
291 | 351 | 271 | 267 | 167 | 93 | 193 | 120 | 187 | 30 | 27 | 323 | |
Operating Profit | 14 | 5 | 9 | 29 | 17 | -25 | 3 | 34 | 26 | -13 | -1 | 253 |
OPM % | 5% | 1% | 3% | 10% | 9% | -36% | 1% | 22% | 12% | -74% | -5% | 44% |
-39 | -39 | -1 | 70 | 11 | 17 | 4 | 60 | 6 | 1 | -110 | 2 | |
Interest | 31 | 2 | 1 | 5 | 9 | 6 | 6 | 9 | 3 | 4 | 5 | 19 |
Depreciation | 18 | 16 | 15 | 15 | 14 | 15 | 15 | 15 | 15 | 15 | 36 | 41 |
Profit before tax | -74 | -52 | -9 | 79 | 5 | -29 | -15 | 69 | 14 | -32 | -153 | 194 |
Tax % | 0% | 1% | 14% | 0% | 0% | 0% | -127% | 29% | 30% | -25% | -21% | 20% |
-74 | -52 | -10 | 79 | 5 | -29 | 4 | 49 | 10 | -24 | -121 | 155 | |
EPS in Rs | -33.84 | -23.83 | -4.49 | 35.83 | 1.79 | -9.97 | 1.34 | 15.86 | 2.64 | -6.11 | -28.66 | 35.64 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 24% |
3 Years: | 39% |
TTM: | 2125% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 69% |
3 Years: | 160% |
TTM: | 1717% |
Stock Price CAGR | |
---|---|
10 Years: | 49% |
5 Years: | 131% |
3 Years: | 146% |
1 Year: | 109% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 23% |
Last Year: | 80% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 27 | 29 | 31 | 31 | 37 | 39 | 42 | 42 |
Reserves | -164 | -217 | -227 | 36 | 74 | 95 | 94 | 143 | 155 | 152 | 66 | 236 |
389 | 382 | 352 | 84 | 81 | 76 | 78 | 35 | 36 | 28 | 184 | 153 | |
383 | 400 | 306 | 175 | 187 | 152 | 109 | 75 | 58 | 48 | 61 | 83 | |
Total Liabilities | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
322 | 280 | 266 | 283 | 304 | 287 | 254 | 239 | 225 | 210 | 270 | 290 | |
CWIP | 12 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 30 | 17 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
296 | 307 | 187 | 34 | 65 | 64 | 56 | 45 | 61 | 51 | 53 | 208 | |
Total Assets | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-56 | -13 | 30 | 142 | 10 | 5 | 1 | 36 | -3 | -8 | 35 | 167 | |
-14 | -4 | -0 | 28 | -1 | 6 | 13 | -0 | -1 | -6 | -223 | -86 | |
63 | 15 | -30 | -168 | -12 | -11 | -14 | -35 | 6 | 10 | 189 | -35 | |
Net Cash Flow | -7 | -1 | -1 | 2 | -3 | 0 | 0 | 1 | 2 | -4 | 1 | 47 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 210 | 162 | 94 | 2 | 42 | 51 | 33 | 47 | 46 | 37 | 11 | 3 |
Inventory Days | 55 | 61 | 33 | 7 | 51 | 216 | 29 | 70 | 56 | 544 | 525 | 70 |
Days Payable | 328 | 283 | 250 | 64 | 172 | 517 | 134 | 157 | 58 | 878 | 1,334 | 66 |
Cash Conversion Cycle | -63 | -60 | -124 | -55 | -79 | -249 | -72 | -40 | 45 | -298 | -798 | 7 |
Working Capital Days | -387 | -363 | -353 | -183 | -98 | -397 | -102 | -77 | -16 | -853 | -709 | -5 |
ROCE % | -1% | -5% | -3% | 62% | 8% | -12% | -1% | 11% | 7% | -11% | -14% | 59% |
Documents
Announcements
-
Board Meeting Outcome for APPOINTMENT OF INDEPENDENT DIRECTOR AND CURRENT STATUS OF EXPANSION OF PHASE II
2d - Websol appoints new independent director; expands solar cell capacity by 600 MW, doubling to 1200 MW from Oct 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - Websol appoints independent director; 600 MW solar cell capacity expansion to start commercial production Oct 2025.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 7 Jul
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jul - Certificate under SEBI regulation 74(5) for quarter ended June 30, 2025 submitted.
- Closure of Trading Window 24 Jun
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Feb 2018TranscriptNotesPPT
Products
Co. specializes in the production of photovoltaic crystalline solar cells and related PV modules. The Company’s products are used in both commercial and industrial Solar Energy panels in India and internationally. [1]